When the drops coalesce, their total volume remains unchanged. Let:
- \( r \) be the radius of each small drop,
- \( R \) be the radius of the combined drop.
Step 1: Apply Volume Conservation
The total volume of eight small drops is:
\[
8 \cdot \frac{4}{3} \pi r^3 = \frac{4}{3} \pi R^3.
\]
Simplify:
\[
R^3 = 8r^3 \quad \implies \quad R = 2r.
\]
Step 2: Terminal Velocity Relation
The terminal velocity \( v_T \) of a drop is proportional to the square of its radius:
\[
v_T \propto r^2.
\]
Let \( v_1 = 10 \, \text{cm/s} \) be the terminal velocity of the small drops, and \( v_2 \) be the terminal velocity of the combined drop. Then:
\[
\frac{v_1}{v_2} = \left( \frac{r}{R} \right)^2.
\]
Substitute \( R = 2r \):
\[
\frac{v_1}{v_2} = \left( \frac{r}{2r} \right)^2 = \frac{1}{4}.
\]
Step 3: Calculate \( v_2 \)
Rearrange to find \( v_2 \):
\[
v_2 = 4v_1 = 4 \cdot 10 = 40 \, \text{cm/s}.
\]
Final Answer:
\[
\boxed{40 \, \text{cm/s}}
\]